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Thursday, March 08, 2012

Economic Recovery For Whom?

We expect ever-grosser competitive lying from the presidential primary candidates. We should expect no less from the media "analysts," politicians and academics competing for big business favors. With those expectations, we might be less disappointed by what we get.

These days, the hype about "economic recovery" is intense. Obama pitches it as a reason to reward him with campaign donations and votes. The money should flow in from the business community that wants badly to hide the fact that recovery has - from the beginning of this crisis - been only for them at the expense of recovery for everyone else. They need a president who hypes "recovery" as if it's about helping everyone in some general or "fair" way. The votes should come, Obama's team calculates, because average people are becoming increasingly desperate. They want someone in power who might help them even just a bit.

The Republicans had planned to use the economy against Obama (as he did against them in 2008). The recovery hype drove them to emphasize instead contraception, religion and the ever-popular Iran-bashing. By abandoning their attacks on "Obama's bad economy," Republicans leave the field to those hyping recovery.


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